Exide Life Prospering Life Plus Plan

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Exide Life Prospering Life Plus is a Unit Linked Insurance plan which aims to maximize wealth by capital market participation and at the same time, provide life insurance coverage

Key Features

  • It is a unit linked plan with Regular and Limited Pay premium payment option
  • Under the Automatic Asset Re-balancing strategy, the allocated premium is invested in a pre-determined ratio between the Equity and Debt oriented funds. The ratio is rebalanced every year and the funds are invested majorly in debt oriented funds towards maturity to protect the returns against market fluctuations
  • The following 6 funds are available for investment
  1. Exide Life Prime Equity
  2. Growth Fund
  3. Balanced Fund
  4. Secure Fund
  5. Exide Life Preserver
  6. Exide Life Active Asset Allocation


  • Loyalty Additions as a % of Fund Value are added on death or maturity for premium rates equal to or higher than Rs.96,000
  • The insured will get the Fund Value including top-up Fund Value on Maturity
  • The Maturity Value can be taken partly in lump sum and partly in instalments over a period of 5 years starting at 20% and increasing by 20% every year
  • On death of the policyholder, higher of the Sum Assured including top-up Sum Assured or 105% of all premiums paid till death or Fund Value including top-up Fund Value is paid
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

0 year

 55 years

Maturity Age (Last Birthday)

18 years

75 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

5 pay, 10 pay or Regular pay

Premium paying Frequency

Annual, monthly

Yearly Premium


No limit

Sum Assured

10*annual premium for ages<45 yrs. and 7*annual premium for ages>=45 years


Details about Premium

Annual Premium in Rupees and Benefit Illustration

Age (yrs.)


Policy term (yrs.)

PPT (yrs.)

Fund Value @ 4%

Fund Value @ 8%


























Policy Details

Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.6,000
  • Unlimited free Switches are allowed every year for switching between funds
  • Unlimited free Premium Redirections are allowed for redirecting future premiums
  • Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.6000
  • The corresponding top-up SA will be 1.25 times the top-up premium for ages<45 yrs. or 1.10 times for ages >=45 yrs.


  • The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.

Written By: PolicyBazaar - Updated: 17 March 2016

Exide Life Prospering Life Plus Plan Reviews & Ratings

0 / 5 (Based on 7 Reviews)
(Showing Newest 7 reviews)
Punjab, August 02, 2021
Inexpensive term plan
My friend is 30 year old and I am 25 years old and noticed a difference in our term plan price. I visited Policybazaar and read some blogs there. I found out that term plans are cheaper if you buy at young age. I am glad to buy this plan at the right time.
Chail, August 02, 2021
Tax savings
I recently bought a term insurance policy from the website of Policybazaar. My plan has amazing features and some additional benefits due to an addon. The best part is I can also enjoy a tax rebate. I am so glad to buy this plan.
Niwari, August 02, 2021
Purchased Online
My friend asked me to buy a term insurance plan online as it is cheaper and more convenient. I visited the website of Policybazaar and bought a term policy which offers great benefits at cheap rates. My online experience has been great. Thank you team.
Modinagar, August 02, 2021
Protection against COVID
The pandemic had me worrying about the future of my family in my absence. I have been searching for a pure insurance policy to safeguard my family against any eventuality. With the help of Policybazaar now I my family is secure as a bought a specialized term plan made to help family of the policyholder.
Meerut, August 02, 2021
Best customer service
I did not understand much about insurance but I knew one thing that I needed to secure the future of my family. I took help from the team of Policybazaar and they suggested me what would be best for me. I am happy with my plan. Thank you so much team.
Palwal, August 02, 2021
Huge coverage
I recently bought a term plan from the website of Policybazaar and I am happy with the product. I got a higher coverage term plan with additional benefits and at cost effective price. Now I am worry free for the future security of my family in my absence. Thanks.
Gurgaon, August 02, 2021
Quick to buy
My friend suggested me to buy a term insurance plan online. I visited the website of Policybazaar and it took me about half an hour or maybe less to buy the plan online. The experience was smooth and I am happy with my plan. Kudos team.